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Categories:

Hot right now:

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Coinsurges provides coverage of fintech, blockchain, and Bitcoin, delivering the most recent news and analyses on the future of money. Stay up-to-date with live prices, charts, and trading options for the top exchanges. Keep track of the day's top cryptocurrency gainers and losers, as well as which coins have experienced gains and losses in the past 24 hours.
Trust Coinsurges as your go-to source for all news and updates in the industry.

XRP Price To Revisit $2 Before ‘Final Blastoff’

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The post XRP Price To Revisit $2 Before ‘Final Blastoff’ appeared first on Coinpedia Fintech News

XRP is currently down by more than 1% in the last 24 hours. The price is constantly failing to hold above the $2 level. In the past few months, the $2 level has been an important support zone and a dip below $2 may signal more trouble for XRP. The broader market sentiment is slightly shifting with Bitcoin trading above the $85,500 mark. Here’s a breakdown of what’s next for XRP in April: 

According to analyst Egrag Crypto, April is shaping up to be a key month, with price action expected to test both the lower and upper ends of the range. XRP is likely to revisit the lows around $1.90–$1.79 through a wicking process. 

At the same time, the upper range near $2.80–$3.00 will also be tested in a similar way. If the downside wick holds, there’s potential for a 62–70% upside from the lowest point. The market is still in the “boredom phase,” according to the analyst.  After one final dip to the $2 region, a strong upward move could follow in this cycle.

“After revisiting the $2 region one last time, we could see a significant blastoff in this cycle,” the analyst said.

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